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2024 General & Highway Fund Tax Versus Tax at Fair Market Value (If Equalization Rate was 100% for all Towns) $1,600.00 120% Similar Populations to Boston $1,400.00 100% $1,200.00 80% $1,000.00 Equalization Rate Taxes $800.00 60% $600.00 40% $400.00 20% $200.00 $- 0% Colden - North Marilla - Collins - Eden - Boston - Concord - Newstead - Alden - Elma - 3,368 Collins - 5,402 6,172 7,598 8,0793 8,466 8,690 9,852 11,808 3,477 2024 Town Tax Tax At 100% Equalization 2023 Equalization Rate Source: 2023-2024 Real Property Tax Comparison issued by Erie County NOTE: Due to the 2023 equalization rate in Boston being 59.5%, a Boston home with a full market value of $150,000 would have a 2023 assessed value of $89,250 (compared to $99,000 at the 2022 equalization rate of 66%). The 2023 tax rate multiplies by the $89,250 assessed value. If all towns were at 100% equalization to where Fair Market Value = Assessed Value, this is what the taxes would cost based on the 2024 tax rates. More on equalization rates in later slides. 14